Microsoft Order Is Canceled by Beijing
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From Bloomberg News
Microsoft Corp., the world’s largest software maker, lost an order from the city of Beijing after a science ministry official complained that local governments weren’t buying enough Chinese-developed software.
Beijing’s government procurement office changed its mind about buying 29.25 million yuan ($3.5 million) worth of Microsoft Windows and Office software Saturday, 10 days after awarding the contract, according to its website.
Shares of Microsoft rose 4 cents to $26.81 on Nasdaq.